Insigneo Advisory Services LLC Sells 2975 Shares of Exxon Mobil ... - MarketBeat

Insigneo Advisory Services LLC decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 18.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,770 shares of the oil and gas company's stock after selling 2,975 shares during the quarter. Insigneo Advisory Services LLC's holdings in Exxon Mobil were worth $1,400,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Your Advocates Ltd. LLP boosted its position in shares of Exxon Mobil by 0.7% in the first quarter. Your Advocates Ltd. LLP now owns 12,178 shares of the oil and gas company's stock worth $1,335,000 after acquiring an additional 86 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. boosted its position in shares of Exxon Mobil by 0.8% in the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 11,282 shares of the oil and gas company's stock worth $1,237,000 after acquiring an additional 87 shares during the last quarter. Acorn Wealth Advisors LLC lifted its position in Exxon Mobil by 3.8% during the fourth quarter. Acorn Wealth Advisors LLC now owns 2,483 shares of the oil and gas company's stock valued at $274,000 after buying an additional 91 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in Exxon Mobil by 1.4% during the first quarter. Revolve Wealth Partners LLC now owns 6,555 shares of the oil and gas company's stock valued at $719,000 after buying an additional 92 shares in the last quarter. Finally, Rosenberg Matthew Hamilton lifted its position in Exxon Mobil by 1.2% during the first quarter. Rosenberg Matthew Hamilton now owns 8,259 shares of the oil and gas company's stock valued at $906,000 after buying an additional 95 shares in the last quarter. Institutional investors own 58.59% of the company's stock.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, Director Jeffrey W. Ubben bought 458,000 shares of the stock in a transaction on Monday, July 31st. The stock was purchased at an average price of $106.93 per share, for a total transaction of $48,973,940.00. Following the completion of the purchase, the director now directly owns 1,635,000 shares in the company, valued at $174,830,550. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.06% of the stock is owned by insiders.

Analysts Set New Price Targets

XOM has been the topic of a number of recent research reports. StockNews.com initiated coverage on shares of Exxon Mobil in a research report on Thursday, August 17th. They set a "hold" rating on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $125.00 price target on shares of Exxon Mobil in a research report on Wednesday, July 19th. Truist Financial reduced their price target on shares of Exxon Mobil from $118.00 to $110.00 and set a "hold" rating on the stock in a research report on Monday, July 24th. Morgan Stanley lifted their price target on shares of Exxon Mobil from $121.00 to $124.00 and gave the company an "overweight" rating in a research report on Friday, August 18th. Finally, Jefferies Financial Group reduced their price target on shares of Exxon Mobil from $148.00 to $140.00 in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $124.27.

Read Our Latest Research Report on XOM

Exxon Mobil Stock Up 1.8 %

Shares of NYSE:XOM traded up $1.90 during midday trading on Friday, reaching $108.25. The company had a trading volume of 13,578,880 shares, compared to its average volume of 16,066,510. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The stock's fifty day moving average price is $105.88 and its 200-day moving average price is $108.50. The stock has a market capitalization of $433.35 billion, a P/E ratio of 8.66, a PEG ratio of 0.56 and a beta of 1.09. Exxon Mobil Co. has a one year low of $83.89 and a one year high of $119.92.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.06). Exxon Mobil had a net margin of 13.72% and a return on equity of 25.82%. The business had revenue of $82.91 billion for the quarter, compared to the consensus estimate of $81.80 billion. During the same quarter in the previous year, the firm earned $4.14 EPS. The firm's revenue for the quarter was down 28.3% on a year-over-year basis. Equities research analysts expect that Exxon Mobil Co. will post 8.89 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th will be paid a dividend of $0.91 per share. The ex-dividend date is Tuesday, August 15th. This represents a $3.64 annualized dividend and a yield of 3.36%. Exxon Mobil's payout ratio is 29.12%.

About Exxon Mobil

(Free Report)

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.